Pan masala, gutkha firms get time till May 15 to roll out special procedure for registration, monthly return filing
Manufacturers of pan masala, gutkha and similar items will get time till May 15 to implement special procedure for registration and monthly return filing. The new mechanism aims to plug …
Delhi businessman arrested in Rs. 10,000 crore GST fraud case
Noida police on Wednesday arrested a Delhi-based businessman for his alleged involvement in the Rs.10,000 crore GST [good and services tax] irregularities case, senior officers said, adding that more than 30 …
GST on related party corp guarantees: Centre expected to issue clarification
The Ministry of Finance is likely to issue clarification regarding the taxability of corporate guarantees under the GST law between related parties, according to sources in the know …
Here’s what you should know about GST evasion and DGGI
You might have often come across instances of the Directorate General of GST Intelligence (DGGI), issuing notices and alleging tax evasion. You may have even asked yourself what this organisation …
Ratio of GST collections to GDP is increasing, albeit at a slow pace
Much has been reported about the robust goods and services tax (GST) collection. But its proportion to the size of the economy is only crawling up …
Electronics retailer Aditya Vision reports GST search operations; 7 warehouses seized, 3 stores closed
Electronic retail chain Aditya Vision informed the exchanges that tax authorities had conducted search operations at its facilities in Uttar Pradesh …
Two bros held from Kol for Rs.522cr GST evasion
The Directorate General of Goods and Services Tax Intelligence (DGGI), Jamshedpur regional unit, has arrested two businessmen brothers from Kolkata on charges of GST evasion to the tune of Rs …
Complexity of GST framework — how companies can avoid fraud
The Goods and Services Tax (GST) was implemented with the primary aim of simplifying the taxation system. However, despite concerted efforts by authorities to achieve this goal, the GST framework …
Central & state GST officials to conduct joint audits of firms
Central and state goods and services tax (GST) officials will jointly conduct audits of businesses under the indirect tax regime from this financial year, a relief for taxpayers as it …
Kudos to CBIC for instructions on GST investigations
In a welcome move, the Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines to its Goods and Services Tax (GST) filed formations for maintaining ease of doing …